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Lakers Sale, Knicks NBA Title Revenue Boost MSGS Stock
Bob Iger and Josh Kushner stunned the sports world Tuesday with their $12.5 billion agreement to buy the Los Angeles Lakers from Mark Walter, and in so doing, they gave an immediate boost to the NBA champion New York Knicks. The Lakers agreement helped trigger a 5.3% gain in shares of Madison Square Garden Sports, […]
Tom Brady’s CardVault Gets Judge, Jay-Z, Dana White Investments
Mogul and rap artist Jay-Z, New York Yankees slugger Aaron Judge, Boston Red Sox owner John Henry and UFC CEO Dana White are part of a consortium taking strategic investment in Tom Brady’s CardVault, the retailer devoted to sports trading cards and other authenticated memorabilia. Neither the size of the investment consortium nor the valuation […]
Save the Date: Lakers Sale Timing Will Decide Walter’s Tax Bill
Mark Walter’s decision to sell the Los Angeles Lakers to Joshua Kushner and Bob Iger for a reported $12.5 billion was a surprising development on Tuesday, and the details of when the transaction closes could mean hundreds of millions of dollars in tax payments either incurred or avoided. At issue are long-term capital gains taxes, […]
Sporticast: $12.5B Lakers Sale Leaves Many Open Questions
On the 578th Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams speak with Kurt Badenhausen about a breaking news bombshell: the sale of the Los Angeles Lakers for $12.5 billion to a group led by Joshua Kushner. The Lakers were valued at $10 billion when Mark Walter bought control of the team last year. Now, […]
Riverside Church Abuse Cases Mired in Courts 6 Months After First Trial
It’s been over six months since the first trial in the Riverside Church child molestation scandal resulted in a settlement for former college basketball star Daryl Powell. In the immediate aftermath, hopes arose that the Powell case would lead to a quick resolution of the remaining 25 lawsuits filed against the iconic Manhattan church over […]
Timeline of Record-Setting Sports Team Sales: Data Viz
For the fourth time in four years, a sports franchise has sold for the highest price tag ever. Joshua Kushner and Bob Iger have reached an agreement to buy the NBA’s Los Angeles Lakers for more than $12 billion, according to ESPN, a surprise deal that will end Mark Walter’s ownership of the team after less than a year. That number is eye-popping considering no team had sold for even a quarter of that amount prior to 2019.
Walter Sold the Lakers Amid Federal Probes. Are the Dodgers Next?
Mark Walter’s shocking sale of the Los Angeles Lakers—the NBA team he purchased less than a year ago—amid a federal probe into his other businesses has raised another multibillion-dollar sports question: What might happen with the Los Angeles Dodgers? Walter is part of the group that owns the two-time defending World Series champions. Under their […]
New Speakers Joining Sportico RISE Lineup
At RISE Women’s Sports, industry leaders will come together on Sept. 10 in New York City to examine where women’s sports stands today and what comes next. Among them are Kim Stone, Kerri Walsh Jennings and Jason Wright, three voices bringing distinct perspectives on the opportunities and challenges shaping the business of women’s sports. As […]
How the Dallas Cowboys Became a $15.5 Billion NFL Team
The Dallas Cowboys haven’t won a Super Bowl in 30 years and own the NFC’s longest active drought without a conference championship game appearance. Yet, America’s Team has a grip on a different kind of title: the world’s most valuable sports franchise. The Cowboys topped Sportico’s NFL team valuations for the seventh straight year. Their […]
Gruden Faces Judge’s Criticism Over Delays in $150M NFL Media Leaks Case
A Nevada judge rebuked former Las Vegas Raiders head coach Jon Gruden this week for “delays” and “noncooperation” in sharing materials central to his $150 million lawsuit accusing NFL commissioner Roger Goodell, or someone acting on Goodell’s behalf, of tortiously interfering with his Raiders contract. On Monday, 8th Judicial District Judge Joe Hardy expressed bewilderment as to […]
Lakers Sold: Joshua Kushner Adds $12B+ NBA Team to Portfolio
Joshua Kushner and Bob Iger have reached an agreement to buy the NBA’s Los Angeles Lakers for more than $12 billion, according to ESPN, a surprise deal that will end Mark Walter’s ownership of the team after less than a year. This marks an expansion of Kushner’s rapidly growing sports profile. His Thrive Eternal invested […]
Most Valuable NFL Teams 2026: From Cowboys to Bengals
The average NFL team is worth $9.34 billion, according to data compiled by Sportico for the 2026 NFL team valuations. The Dallas Cowboys rank first at $15.5 billion, while the Cincinnati Bengals rank last at $7.4 billion.
NFL Team Values 2026: Cowboys Lead at $15.5B, Average Up 31%
According to Sportico's 2026 NFL franchise valuations, the 32 NFL teams are worth a combined $299 billion, and the 31% one-year gain is the biggest since Sportico launched its NFL valuations in 2020.
WNBA Trans Athlete Policy Gap Raises Legal Questions
As former NBA players Enes Kanter Freedom and Royce White say they want to be eligible for the 2027 WNBA Draft, and as commentators debate Indiana Fever player Sophie Cunningham wanting to protect “young girls in sport who shouldn’t have to go against biological men,” the possibility of a transgender woman seeking entry into the WNBA has […]
No ‘Mo Romo? Not So Fast, Says CBS Sports
Tony Romo will remain sidelined until further notice, as CBS Sports higher-ups continue to assess the NFL analyst’s status at the Tiffany network. Imagine that. Speaking at the top of the company’s annual NFL media kickoff event, CBS Sports president and CEO David Berson got out ahead of all the inevitable questions about Romo’s situation. The […]
Formula E Races to Stream on Disney+ Worldwide
Disney and Formula E announced a global streaming deal Tuesday that will bring the all-electric racing series to Disney+ in more than 140 territories, including America. FE events will also stream on ESPN+ (part of the company’s ESPN Select and ESPN Unlimited subscriptions) in the U.S. Financial terms of the tie-up were not disclosed. Formula […]
New York Yankees, Apollo Agree on $2.6B Capital Injection, Investment
The New York Yankees will receive a $2.6 billion financing injection from Apollo Global Management, the club announced on Tuesday, with the firm providing a combination of debt and equity in the parent company of the storied MLB franchise. Apollo will refinance existing debt and take a minority stake of undisclosed value in Yankee Global […]
NASCAR COO: We’re Tracking Fuel Prices on a Weekly Basis
NASCAR teams are being impacted by elevated petroleum prices, according to chief operating officer Ben Kennedy, though maybe not in the most obvious way. The biggest impact, Kennedy explained on the latest episode of the Sporticast podcast, isn’t the gas used during races, which can sometimes top 600 miles. It’s the fuel used to […]
Only College Sports Can Solve Its Own Chaos
In the aftermath of Congress failing, once again, to advance a college sports reform bill, colleges might recognize that they hold the key to figuring out their own problems. They might also recognize that even if Congress eventually passes and President Donald Trump signs a college sports reform bill, new rules will only work if […]
Amid Roster Mayhem, Judge Refuses to Stay Nationwide NCAA Injunction
U.S. District Judge Charlotte N. Sweeney late Monday denied the NCAA’s motion to stay her nationwide injunction permitting thousands of Division I college athletes who began college play in 2022–2023 and completed four years of eligibility by this past spring to play another season. Sweeney reasoned the NCAA “essentially rehashes arguments that it previously made and that […]
Sports Media Gets Day-Drunk on Premature Tony Romo Deathwatch
Over the course of the last three weeks, some of the biggest names in the business of reporting on (and pontificating about) sports media have transformed themselves into a scruffy simulacrum of the town elders from Footloose. Only instead of crusading against the evils of dancing teenagers, our most pedantic podcasters have joined forces to […]
Sporticast: A NASCAR Race in Central Park?
On the 577th Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams speak with Ben Kennedy, the COO of NASCAR, about the delicate balance between the racing circuit’s traditional roots and its constant quest for innovation. Kennedy, a member of the family that has run NASCAR for decades, was a pro stock car driver before joining […]
Buffalo Bills to ‘Refine’ $2.2B Stadium After Viral Sightline Chatter
The Buffalo Bills’ $2.2 billion Highmark Stadium was opened to fans for the first time on Saturday. It went viral for the wrong reasons. Multiple fans seemed concerned about the sightlines from their new seats, with some posting images online of railings or other infrastructure partially blocking views of the field. A snapshot by an […]
Apple Takes a VR Swing at MLB, Starting With Yankees vs. Red Sox
Nearly 10 years after MLB’s first virtual-reality broadcast deal, baseball is returning to the VR diamond. Apple announced Monday that four of its remaining games will be broadcast in the company’s immersive format in Apple Vision Pro headsets, starting with a Yankees vs. Red Sox matchup on Aug. 28. Apple will use 3D video captured […]
Saliva-Testing Startup Biolyz Eyes American Expansion Plans
When COVID-19 shut the world down in 2020, Marlon Millard had a problem. He was in the middle of working on a PhD in medicinal chemistry and, as a self-described “lab-rat,” the pandemic closures meant he was unable to continue his studies in the research facility. Rather than patiently waiting for everything to reopen, Millard […]
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